Why Bit Digital’s Bold ETH Gamble and $1 Billion Share Strategy Could Flip the Crypto Game Forever
Key Takeaways
Bit Digital has shifted focus from Bitcoin to Ethereum, pushing its ETH holdings to over 120,000 amid rising institutional interest. With firms like SharpLink and BitMine also accumulating aggressively, Ethereum is fast emerging as the leading altcoin in corporate treasuries.
With institutional appetite for Ethereum [ETH] intensifying, Bit Digital has emerged as the newest major player to shift its strategic focus.
In a notable shift from its Bitcoin [BTC]-focused roots, the Nasdaq-listed crypto firm has unveiled plans to ramp up its Ethereum exposure, backed by a bold proposal to expand its authorized share capital from 340 million to a staggering 1 billion shares.
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